MECHANICS BANCORP-A (MCHB) Stock Technical Analysis
USA - NASDAQ:MCHB - US43785V1026 - Common Stock
Overall MCHB gets a technical rating of 3 out of 10. In the last year, MCHB was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, MCHB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 13.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.20, a Stop Loss order could be placed below this zone.
More info and screens
12.82
We found 1 important support area.
- A support zone ranging from 12.95 to 13.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 13.76 to 13.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.20 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MCHB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCHB is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MCHB has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCHB is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 47.62 | NEUTRAL | The RSI value for MCHB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests MCHB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.73 | NEUTRAL | The Stochastics value for MCHB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for MCHB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.79 | NEGATIVE | The low ADX value for MCHB suggests a weak or negative trend. |
13.275
+0.1 (+0.72%)
MECHANICS BANCORP-A / MCHB FAQ
Can you provide the ChartMill technical rating for MECHANICS BANCORP-A?
ChartMill assigns a technical rating of 3 / 10 to MCHB.
Can you provide the trend direction for MECHANICS BANCORP-A?
The current trend direction for MECHANICS BANCORP-A (MCHB) is Bullish.
What is the RSI signal for MECHANICS BANCORP-A (MCHB) stock?
MECHANICS BANCORP-A (MCHB) has an RSI value of 47.6206. This indicates that the stock is currently neutral.
What is the buy/sell signal for MECHANICS BANCORP-A (MCHB) stock?
The buy/sell signal for MECHANICS BANCORP-A (MCHB) is buy as both the short term and long term trends are positive.
What is the support and resistance level for MCHB stock?
MECHANICS BANCORP-A (MCHB) has a support level at 13.2 and a resistance level at 13.76. Check the full technical report for our detailed analysis of MCHB support and resistance levels.